FinTech Breakthrough has crowned Celsius, a renowned crypto rewards-earning platform, the Best Cryptocurrency Wallet in the fifth annual FinTech Breakthrough Awards Program. A press release unveiled this news on April 5, noting that Celsius won this title because of several reasons. These include the fact that the platform leverages the blockchain to provide a plethora of unique features, such as swift transactions, high yield, zero fees, and weekly rewards.
According to James Johnson, FinTech Breakthrough’s Managing Director, Celsius is the epitome of breakthrough technology in the FinTech industry. It has a commendable mission, seeing as it seeks to offer people better chances to get financial freedom.
Touting the platform, FinTech Breakthrough noted that Celsius offers its users a chance to earn up to 15% APY on their cryptocurrencies. On top of this, the platform offers users access to loans with interest rates as low as 1%. Moreover, the Celsius platform does not have a set minimum amount, and making transactions through the application is as easy as sending a text message.
A rapidly growing community
At the moment, Celsius manages more than £7.23 billion in cryptocurrencies and has managed to branch out to over 100 countries across the globe.
Alex Mashinsky, the CEO of Celsius, said that the firm’s approach has transitioned from just a service to earn crypto. According to him, Celsius is now a community that has more than 500,000 crypto enthusiasts who believe in the blockchain, financial freedom, and reward-earning assets. He added that FinTech Breakthrough crowning the platform as the best crypto wallet in 2021 is proof of the efforts of the Celsius team.Commenting on crypto rewards, Adrian Pollard, the co-founder of South Korea-based white-label exchange provider bitHolla, said,
As more people begin to save money in crypto they will naturally be looking for ways to make their money go further and these interest-bearing accounts like Celsius are perfect for that.
In my view, the popular crypto exchange providers will soon offer crypto bearing interest accounts and begin to compete against traditional banks as well as products like Celsius.
This news comes after Celsius announced that it had paid its customers more than £180.7 million in crypto yield. According to the firm, it achieved this feat in barely three years, seeing as it went live in mid-2018. Touting the platform’s robust crypto-lending business, Mashinsky said that Celsius takes pride in delivering honest, transparent, and rewarding financial services. He went on to note that through these features, Celsius stands out in the crypto market to achieve unmatched success.
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